GST tariff rate for Ship management service

Does ship supervision of the maintenance service fall under exemption list of GST? What is Goods and Service Tax slab rate survey and repair service of ship? GST expenses for engagement or providing of crews in ship service? Is GST chargeable for freight charges service on behalf of the owner of ship? GST tax slab rate for providing for victualling or storing of ship?

The details about GST rate changes for Ship management service are being updated here. The notification changes on exemptions for GST for sale of Ship management service and other circulars related to GST for Ship management service are updated in this website.

Ship means a sea-going vessel and includes a sailing vessel. (Section 65(96) of Finance Act, 1994 as amended) Ship management service includes, - (i) the supervision of the maintenance, survey and repair of ship; (ii) engagement or providing of crews; (iii) receiving the hire or freight charges on behalf of the owner; (iv) arrangements for loading and unloading; (v) providing for victualling or storing of ship; (vi) negotiating contracts for bunker fuel and lubricating oil; (vii) payment, on behalf of the owner, of expenses incurred in providing services or in relation to the management of ship; (viii) the entry of ship in a protection or indemnity association; (ix) dealing with insurance, salvage and other claims; and (x) arranging of insurance in relation to ship.

Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services. Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.

Some of the categories under negotiating contracts for bunker fuel and lubricating oil in ship service are exempted from paying GST. The list of exempted business category of services under Ship management service may be read in GST exemption category list issued by GST authorities.

The above information is about GST rate for Ship management service. This post is being updated with latest changes in GST rate for Ship management service, update on latest GST notification on providing for victualling or storing of ship and amendments related to GST on entry of ship in a protection or indemnity association service.